Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0060%/8h= +6.5% APRpaid last 24h +0.043%

Price spread now: Aster against OKX+0.119%7-day average +0.129% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$440.438% of the position

Long on OKX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.178%+$18 on $10k

Price spread, last 7 days+0.093%+$9 · spread now +0.119%, 7d avg +0.129%

Together, before fees+0.271%+ Points / potential airdropAster: Stage 5 · farm board+$27 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.129%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TAO-USDT-SWAP	306.90	0.0100	pay 0.0100% / 8h	1h 59m	$24.8M	$94.6M	50x
Short	Aster TAOUSDT	307.27	0.0160	get 0.0080% / 4h	1h 59m	$1.1M	$7.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee AsterbpOrdersPrice spread, now +0.119%Rate

Funding earned: $12.54
Price spread: +0.119% → +0.129%: −$0.98
Slippage, 4 orders: −$25.79
Fee OKX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$32.24
Costs to cover: 0.438%
Break-even: 25.0 days

Slippage from OKX: live order book, 4 min ago; Aster: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 4 min ago	1.62 bp	14.6 bp −$15	24.9 bp −$249	80.4 bp −$8,039	doesn't fit
Sell Aster live order book, 4 min ago	1.45 bp	10.0 bp −$10	30.5 bp −$305	226.2 bp −$22.6K	doesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk TAO-USD	−0.0306%	1h	307.82	+0.300%	$202K	$57K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	308.46	+0.508%	$130K	$84K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	0.0000%	1h	307.39	+0.161%	$11K	$1.3M	25x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	307.77	+0.282%	$26K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	308.24	+0.437%	$43K	$532K	20x	as long as short
Pacifica TAO	+0.0100%	1h	308.71	+0.590%	$364K	$368K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	307.02	+0.040%	$86.2M	$406.8M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	306.94	+0.013%	$59.7M	$119.9M	50x	as long as short
OKX TAO-USDT-SWAPlong	+0.0100%	8h	306.90	long leg	$24.8M	$94.6M	50x
Arcus TAO-USD	+0.0100%	1h	308.67	+0.577%	$138K	$584K	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.0100%	4h	306.80	−0.033%	$12.2M	$49.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	307.15	+0.081%	$119.8M	$127.2M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	307.39	+0.160%	$18.9M	$26.8M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	306.72	−0.059%	$34.5M	$45.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	307.01	+0.036%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	308.90	+0.653%	$3.7M	$6.6M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	309.38	+0.808%	$40K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	308.67	+0.576%	$549K	$949K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	308.31	+0.459%	$46K	$268K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	308.35	+0.472%	$78K	$651K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	308.21	+0.426%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	307.42	+0.169%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	308.06	+0.378%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	307.23	+0.108%	$121K	$354K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	307.52	+0.202%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	307.53	+0.206%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	308.43	+0.499%	$631	$469K	5x	as long as short
Aster TAOUSDTshort	+0.0160%	4h	307.27	+0.119%	$1.1M	$7.6M	50x
Paradex TAO-USD-PERP	+0.0161%	8h	308.53	+0.532%	$14K	$1K	10x	as long as short
Phoenix TAO	+0.0234%	1h	309.10	+0.717%	$327K	$462K	5x	as long as short
Nado TAO-PERP	+0.0319%	1h	308.24	+0.437%	$847K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	308.79	+0.616%	$4.3M	$9.5M	100x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0485% / S −0.0184%	1h	307.73	+0.271%	$452K	—	100x	as long as short
01 Exchange TAOUSD	+0.0552%	1h	308.55	+0.538%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	308.17	+0.415%	$354	—	20x	as long as short
Extended TAO-USD	+0.0824%	1h	307.15	+0.080%	$898K	$2.0M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0873%	1h	307.65	+0.244%	$383K	$754K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	308.31	+0.459%	$1.5M	$5.4M	50x	as long as short
Lighter TAO	+0.0968%	1h	307.31	+0.135%	$1.7M	$4.9M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1025%	1h	307.59	+0.225%	$6.3M	$19.1M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	308.44	+0.503%	$415K	$544K	5x	as long as short
Hyperliquid TAO	+0.1776%	1h	307.53	+0.205%	$96.2M	$77.9M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	308.73	+0.596%	$22K	$271	12x	as long as short